Malta Global Residency Scheme

The Maltese Islands

Malta is a small, resourceful island anchored in the clear waters of the Mediterranean Sea, situated just 90 km south of Sicily and 300 km north of Africa. Just over 316 km2, the Maltese Islands comprise three small islands, Malta, Gozo and Comino. Malta is mostly described as a modern nation with ancient roots and has been home to a wide range of civilisations over its 7,000 years of history. Its strategic position between Europe and Africa made it a key possession for its many settlers and conquerors: from the Neolithic men to the Ancient Romans, Byzantines, Arabs, Normans, Knights of St John, French, and the British.

This rocky island is associated with a dry and sometimes windy climate enjoying around 300 days of sunshine per year. Maltese people have a rich and diverse cultural heritage, thanks to the colonies, which have left their marks. The Maltese culture is a combination of a strong work ethic and powerful ambition brought by the British legacy and softened by the natural southern Mediterranean temperament. Since May 2004, Malta benefits from the advantageousness of being a full member of the European Union and since 2007 Malta has been listed as a member of the Schengen Area.

Malta boasts about having one of the most developed business infrastructures in the world. Despite being small in size, it provides excellent professional infrastructure services such as banking, hospitals, postal services and telecommunication, besides other efficient public services. Traditionally, agriculture was one of the main contributors to the Maltese economy, but in the recent years, the economy has undergone extensive changes programmed for further growth.

The corporate services have in fact become one of the top revenues for the countries. The Maltese government has laid proper grounds for future investments in aid to attract foreign capital with attractive incentives. The pro-business government policies put into use Malta’s strategic location, a strong economy, highly trained and well educated local employees and high standard of living.

Malta’s residence program has been recently reviewed and relaunched as the Malta Global Residence Program. The Malta Global Residence Programme has developed a Citizen-by-Investment option, known as the Individual Investor Program (IIP), which is led by Identity Malta on behalf of the Government under a Public Service Concession.

Individual Investor Program

The Individual Investor Program (IIP) was designed to target excessively high net worth international individuals and families. This program offers the possibility of obtaining an EU citizenship in stable, neutral and highly sought after member state. The IIP has an efficient application process and the world’s strictest due diligence standards and vetting of applicants, thus ensuring only highly respectable clients will be given this opportunity. This programme allows the right of EU citizenship and establishment in all of the 28 EU countries. Our partners, Accounting Services Ltd is a registered approved agent, an Accredited Agent with license number IIP117 and Maltese Authorised Registered Mandatory with license number ARM01937.

The IIP offers the citizenship to those individuals and families who are able to abide by certain strict criteria. Such criteria include holding a Maltese residence status for a period of twelve months immediately following the day of issuing of the certificate of naturalisation and one must qualify under the rigours due diligence regime. All individuals and families applying to the Malta Individual Investor Program are obliged to make a significant contribution to the National Development and Social Fund developed by the Maltese Government.

The minimum contributions accepted in the introductory phase of the program are set to be as follows:

  • Contribution to National Development and Social Fund of €650,000 for the main applicant.
  • Contribution for spouse and minor children: €25,000 each.
  • Contribution for dependent children 18 to 26 years or dependent parents above 55 years: €50,000 each.

In addition to such, other fees such as the Due Diligence fee apply. This fee is set at the following amounts:

  • For the main applicant: €7,500.
  • For spouses, adult children and parents: €5,000.
  • For children between 13 and 18 years of age: €3,000 each.

When deciding upon applying for the Malta IIP one must commit to retaining a residence in Malta for a minimum period of five years, either through the purchase of a property of which minimum value must overreach €350,000 or if leasing a property, the minimum annual rent must exceed €16,000. Moreover, one is obliged to invest the sum of €150,000 in Government approved financial instruments, for a period of at least five years.

Global Residence Program

Malta’s private residence is highly sought after, for this reason, Malta offers the possibility to acquire a residence status through the Global Residence Program. The Global Residence Program targets individuals who intend to buy or rent property in Malta.

The Global residence Program comes with minimum requirements, both depending on location:

  • Between €220,000 to €275,000 purchase price.
  • Between €8,750 and €9,600 price for annual rent.
The resident permit entitles the resident to permanently reside in Malta and also have the possibility to come and leave the country anytime. In addition to such a benefit, a permanent resident will also enjoy a privileged tax status while also benefiting from Malta’s wide network of Double Taxation Treaties. Furthermore, another benefit of this status is that as long as the resident abides by the rules of the permits, the resident permit holder need not spend any particular time physically living in Malta.

Benefits of a Malta Citizenship

Individuals and families who decide to take up a Malta Citizenship are rewarded with various benefits. The most significant advantage is the right to live, work and study in any of the 28 EU states together with Switzerland. One also has the possibility to travel visa-free to 166 countries, including the EU and Canada. In addition to such, this is an ultra-safe process by which only selected individuals and families who are up to standards will be admitted. All in all, one will obtain the citizenship of a well-respected EU country with a reasonable contribution and an efficient application process.

The Malta program includes three financial requirements:

  • A contribution to the development of Malta
  • A purchase of stocks/bonds
  • A property transaction.
The combined upfront financial requirement, including applicable government charges and citizenship application fees, is just under €900,000. These costs will increase slightly depending on the family size.